IPOs Till September: Indian companies submitted IPOs in the month of January to September, 9.7 billion
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New Delhi: Amid strong investor sentiment, Indian companies have raised $9.7 billion through initial public offering (IPO) in the first nine months of the current year, January-September. This is the highest figure in two decades for a period of nine months. This information has been given through a report. According to the report of consulting sector major EY, a total of 72 IPOs came in the Indian market during January-September. During this period, the sentiment of domestic as well as global markets has been very strong.
The report said that the global IPO market has been very strong till the third quarter of 2021. This achieved the highest figure in the last 20 years in terms of number and amount of deals. In the first nine months of 2021 in India, companies raised $9.7 billion through 72 IPOs. Let us tell you that this is the highest figure of the last 20 years. Earlier in 2018, 130 IPOs came in India in the first nine months of the year. In the quarter ended September 2021, Indian companies raised more than $5 billion through 31 IPOs. Of these, eight IPOs were related to various industrial products and five from the technology segment.
“In the third quarter, the highest amount of money was raised from IPOs in these sectors,” the report said. The three biggest IPOs by amount were Zomato, Nuvoco Vistas Corp and Chemiplast Sanmar. EY’s Emerging Markets, Technology, Media and Telecom leader Prashant Singhal said that the Indian IPO market is very bullish. Let us tell you that since the fourth quarter of 2017, this was the most active quarter in terms of IPOs.
He said that the outlook for the next quarters is positive. Many new economy and technology based IPOs are expected to come up during this period. The stock markets are at their all-time highs, which is encouraging the primary market.
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